Pension and Postretirement Plans (Tables)

12 Months Ended

Dec. 31, 2014

Defined Benefit Plans [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Amounts Recognized in Balance Sheet

The amounts recognized in the Company’s Consolidated Balance Sheets for its defined benefit pension plans are as follows:

	Pension Plans				SERP
	As of December 31				As of December 31
(in thousands)	2014		2013		2014			2013
Noncurrent asset	$	1,152,488	$	1,245,505	$	—		$	—
Current liability	—		—		(6,275		)	(4,251		)
Noncurrent liability	—		—		(109,808		)	(86,918		)
Recognized Asset (Liability)	$	1,152,488	$	1,245,505	$	(116,083	)	$	(91,169	)

Schedule of Estimated Benefit Payments

At December 31, 2014, future estimated benefit payments, excluding charges for early retirement programs, are as follows:

(in thousands)	Pension Plans		SERP
2015	$	87,271	$	6,399
2016	$	80,239	$	5,875
2017	$	78,592	$	5,964
2018	$	77,576	$	6,257
2019	$	78,589	$	6,719
2020–2024	$	398,372	$	34,875

Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (AOCI) includes the following components of unrecognized net periodic cost for the defined benefit plans:

	Pension Plans						SERP
	As of December 31						As of December 31
(in thousands)	2014			2013			2014			2013
Unrecognized actuarial (gain) loss	$	(685,895	)	$	(840,273	)	$	36,890		$	19,266
Unrecognized prior service cost	1,033			1,362			1,689			136
Gross Amount	(684,862		)	(838,911		)	38,579			19,402
Deferred tax liability (asset)	273,945			335,564			(15,432		)	(7,761		)
Net Amount	$	(410,917	)	$	(503,347	)	$	23,147		$	11,641

Schedule of Expected Net Periodic Cost to be Recognized in Accumulated Other Comprehensive Income (Loss)

During 2015, the Company expects to recognize the following amortization components of net periodic cost for the defined benefit plans:

	2015
(in thousands)	Pension Plans		SERP
Actuarial loss recognition	$	—	$	3,449
Prior service cost recognition	$	324	$	457

Defined Benefit Plans [Member] | Periodic Cost [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Assumptions Used

The costs for the Company’s defined benefit pension plans are actuarially determined. Below are the key assumptions utilized to determine periodic cost:

	Pension Plans						SERP
	Year Ended December 31						Year Ended December 31
	2014		2013		2012		2014		2013		2012
Discount rate	4.8	%	4.0	%	4.7	%	4.8	%	4.0	%	4.7	%
Expected return on plan assets	6.5	%	6.5	%	6.5	%	—		—		—
Rate of compensation increase	4.0	%	4.0	%	4.0	%	4.0	%	4.0	%	4.0	%

Defined Benefit Plans [Member] | Benefit Obligation [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Assumptions Used

Key assumptions utilized for determining the benefit obligation are as follows:

	Pension Plans				SERP
	As of December 31				As of December 31
	2014		2013		2014		2013
Discount rate	4.0	%	4.8	%	4.0	%	4.8	%
Rate of compensation increase	4.0	%	4.0	%	4.0	%	4.0	%

Pension Plans [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Obligation, Asset and Funding Information

The following table sets forth obligation, asset and funding information for the Company’s defined benefit pension plans:

	Pension Plans
	As of December 31
(in thousands)	2014			2013
Change in Benefit Obligation
Benefit obligation at beginning of year	$	1,126,344		$	1,466,322
Service cost	27,792			46,115
Interest cost	51,825			55,821
Amendments	8,374			22,700
Actuarial loss (gain)	172,548			(156,385		)
Benefits paid	(69,854		)	(81,162		)
Curtailment	—			(55,690		)
Settlement	451			(171,377		)
Benefit Obligation at End of Year	$	1,317,480		$	1,126,344
Change in Plan Assets
Fair value of assets at beginning of year	$	2,371,849		$	2,071,145
Actual return on plan assets	167,154			699,518
Benefits paid	(69,854		)	(81,162		)
Settlement	819			(317,652		)
Fair Value of Assets at End of Year	$	2,469,968		$	2,371,849
Funded Status	$	1,152,488		$	1,245,505

Schedule of Net (Benefit) Costs

The total cost (benefit) arising from the Company’s defined benefit pension plans, including the portion included in discontinued operations, consists of the following components:

	Pension Plans
	Year Ended December 31
(in thousands)	2014			2013			2012
Service cost	$	27,792		$	46,115		$	40,344
Interest cost	51,825			55,821			59,124
Expected return on assets	(120,472		)	(105,574		)	(96,132		)
Amortization of prior service cost	329			2,809			3,695
Recognized actuarial (gain) loss	(28,880		)	2,756			9,013
Net Periodic (Benefit) Cost for the Year	(69,406		)	1,927			16,044
Curtailment	—			(43,930		)	—
Settlement	—			39,995			—
Early retirement programs and special separation benefit expense	8,374			22,700			8,508
Total (Benefit) Cost for the Year	$	(61,032	)	$	20,692		$	24,552
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Current year actuarial loss (gain)	$	125,866		$	(750,328	)	$	(79,405	)
Amortization of prior service cost	(329		)	(2,809		)	(3,695		)
Recognized net actuarial gain (loss)	28,880			(2,756		)	(9,013		)
Curtailment and settlement	(368		)	94,520			—
Total Recognized in Other Comprehensive Income (Before Tax Effects)	$	154,049		$	(661,373	)	$	(92,113	)
Total Recognized in Total (Benefit) Cost and Other Comprehensive Income (Before Tax Effects)	$	93,017		$	(640,681	)	$	(67,561	)

Allocation of the Assets of the Company's Pension Plans

he assets of the Company’s pension plans were allocated as follows:

	As of December 31
	2014		2013
U.S. equities	59	%	58	%
U.S. fixed income	13	%	12	%
International equities	28	%	30	%
	100	%	100	%

Schedule of Fair Value of Assets Measured on Recurring Basis

The Company’s pension plan assets measured at fair value on a recurring basis were as follows:

	As of December 31, 2014
(in thousands)	Level 1		Level 2		Total
Cash equivalents and other short-term investments	$	275,963	$	141,083	$	417,046
Equity securities
U.S. equities	1,454,011		—		1,454,011
International equities	691,505		—		691,505
Total Investments	$	2,421,479	$	141,083	$	2,562,562
Payable for settlement of investments purchased					(92,594		)
Total					$	2,469,968

	As of December 31, 2013
(in thousands)	Level 1		Level 2		Total
Cash equivalents and other short-term investments	$	196,757	$	84,706	$	281,463
Equity securities
U.S. equities	1,383,738		—		1,383,738
International equities	699,649		—		699,649
Fixed-income securities
Corporate debt securities	—		5,147		5,147
Total Investments	$	2,280,144	$	89,853	$	2,369,997
Receivables					1,852
Total					$	2,371,849

Supplemental Executive Retirement Plan (SERP) [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Obligation, Asset and Funding Information

	SERP
	As of December 31
(in thousands)	2014			2013
Change in Benefit Obligation
Benefit obligation at beginning of year	$	91,169		$	104,062
Service cost	1,493			1,612
Interest cost	4,397			4,148
Amendments	4,022			—
Actuarial loss (gain)	19,168			(9,180		)
Benefits paid	(4,166		)	(4,101		)
Curtailment	—			(2,059		)
Settlement	—			(3,313		)
Benefit Obligation at End of Year	$	116,083		$	91,169
Change in Plan Assets
Fair value of assets at beginning of year	$	—		$	—
Employer contributions and other	4,166			4,101
Benefits paid	(4,166		)	(4,101		)
Fair Value of Assets at End of Year	$	—		$	—
Funded Status	$	(116,083	)	$	(91,169	)

Schedule of Net (Benefit) Costs

	SERP
	Year Ended December 31
(in thousands)	2014			2013			2012
Service cost	$	1,493		$	1,612		$	1,467
Interest cost	4,397			4,148			4,241
Amortization of prior service cost	47			55			54
Recognized actuarial loss	1,544			2,481			1,833
Net Periodic Cost for the Year	7,481			8,296			7,595
Special separation benefit expense	2,422			—			—
Settlement	—			(2,575		)	—
Total Cost for the Year	$	9,903		$	5,721		$	7,595
Other Changes in Benefit Obligations Recognized in Other Comprehensive Income
Current year actuarial loss (gain)	$	19,168		$	(9,180	)	$	8,428
Current year prior service cost	1,600			—			—
Amortization of prior service cost	(47		)	(55		)	(54		)
Recognized net actuarial loss	(1,544		)	(2,481		)	(1,833		)
Curtailment and settlement	—			(2,798		)	—
Other adjustments	—			—			745
Total Recognized in Other Comprehensive Income (Before Tax Effects)	$	19,177		$	(14,514	)	$	7,286
Total Recognized in Total Cost and Other Comprehensive Income (Before Tax Effects)	$	29,080		$	(8,793	)	$	14,881

Other Postretirement Plans [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Obligation, Asset and Funding Information

The following table sets forth obligation, asset and funding information for the Company’s other postretirement plans:

	Postretirement Plans
	As of December 31
(in thousands)	2014			2013
Change in Benefit Obligation
Benefit obligation at beginning of year	$	40,014		$	63,868
Service cost	1,500			2,488
Interest cost	1,448			1,848
Actuarial loss (gain)	4,448			(3,298		)
Curtailment	(932		)	(21,221		)
Benefits paid, net of Medicare subsidy	(4,521		)	(3,671		)
Benefit Obligation at End of Year	$	41,957		$	40,014
Change in Plan Assets
Fair value of assets at beginning of year	$	—		$	—
Employer contributions	4,521			3,671
Benefits paid, net of Medicare subsidy	(4,521		)	(3,671		)
Fair Value of Assets at End of Year	$	—		$	—
Funded Status	$	(41,957	)	$	(40,014	)

Schedule of Amounts Recognized in Balance Sheet

The amounts recognized in the Company’s Consolidated Balance Sheets for its other postretirement plans are as follows:

	Postretirement Plans
	As of December 31
(in thousands)	2014			2013
Current liability	$	(3,995	)	$	(3,795	)
Noncurrent liability	(37,962		)	(36,219		)
Recognized Liability	$	(41,957	)	$	(40,014	)

Schedule of Estimated Benefit Payments

At December 31, 2014, future estimated benefit payments are as follows:

(in thousands)	Postretirement Plans
2015	$	3,995
2016	$	4,061
2017	$	4,078
2018	$	3,946
2019	$	3,882
2020–2024	$	18,112

Schedule of Net (Benefit) Costs

The total (benefit) cost arising from the Company’s other postretirement plans consists of the following components:

	Postretirement Plans
	Year Ended December 31
(in thousands)	2014			2013			2012
Service cost	$	1,500		$	2,488		$	3,113
Interest cost	1,448			1,848			2,735
Amortization of prior service credit	(783		)	(4,247		)	(5,608		)
Recognized actuarial gain	(2,076		)	(2,141		)	(1,478		)
Net Periodic Cost (Benefit)	89			(2,052		)	(1,238		)
Curtailment	(1,292		)	(41,623		)	438
Settlement	—			(11,927		)	—
Total Benefit for the Year	$	(1,203	)	$	(55,602	)	$	(800	)
Other Changes in Benefit Obligations Recognized in Other Comprehensive Income
Current year actuarial loss (gain)	$	4,448		$	(3,298	)	$	(11,493	)
Amortization of prior service credit	783			4,247			5,608
Recognized actuarial gain	2,076			2,141			1,478
Curtailment and settlement	360			32,329			—
Total Recognized in Other Comprehensive Income (Before Tax Effects)	$	7,667		$	35,419		$	(4,407	)
Total Recognized in (Benefit) Cost and Other Comprehensive Income (Before Tax Effect)	$	6,464		$	(20,183	)	$	(5,207	)

Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss)

AOCI included the following components of unrecognized net periodic benefit for the postretirement plans:

	As of December 31
(in thousands)	2014			2013
Unrecognized actuarial gain	$	(7,404	)	$	(13,928	)
Unrecognized prior service credit	(1,163		)	(2,306		)
Gross Amount	(8,567		)	(16,234		)
Deferred tax liability	3,427			6,494
Net Amount	$	(5,140	)	$	(9,740	)

Schedule of Expected Net Periodic Cost to be Recognized in Accumulated Other Comprehensive Income (Loss)

During 2015, the Company expects to recognize the following amortization components of net periodic cost for the other postretirement plans:

(in thousands)	2015
Actuarial gain recognition	$	(996	)
Prior service credit recognition	$	(502	)

Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

A change of one percentage point in the assumed health care cost trend rates would have the following effects:

	1%		1%
(in thousands)	Increase		Decrease
Benefit obligation at end of year	$	2,478	$	(2,255	)
Service cost plus interest cost	$	257	$	(227	)